0001078782-15-001579.txt : 20151002 0001078782-15-001579.hdr.sgml : 20151002 20151002161434 ACCESSION NUMBER: 0001078782-15-001579 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20150731 FILED AS OF DATE: 20151002 DATE AS OF CHANGE: 20151002 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARBOR ENTECH CORP CENTRAL INDEX KEY: 0000710782 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 222335094 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-30432 FILM NUMBER: 151140470 BUSINESS ADDRESS: STREET 1: RD 1 STREET 2: BOX 1076 CITY: LITTLE MARSH STATE: PA ZIP: 16931 BUSINESS PHONE: 5703763217 MAIL ADDRESS: STREET 1: RD 1 BOX 1076 CITY: LITTLE MARSH STATE: PA ZIP: 16931 FORMER COMPANY: FORMER CONFORMED NAME: ARBOR ENERGY CORP DATE OF NAME CHANGE: 19840618 10-Q 1 f10q073115_10q.htm FORM 10-Q QUARTERLY REPORT Form 10-Q Quarterly Report

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549


FORM 10-Q


QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


July 31, 2015

 

000-30432

For the Quarter Ended

 

Commission File Number


ARBOR ENTECH CORPORATION


Delaware

 

22-2335094

State of Incorporation

 

IRS Employer Identification


2295 NW Corporate Blvd., Suite 230, Boca Raton, FL 33431

(Address of Principal Executive Offices)


Telephone (305) 466-6988


Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes  X . No      .


Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required to be submitted an posted pursuant to Rule 405 of regulation ST (Sec. 232.405) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes  X . No      .


The number of shares outstanding of registrant's common stock at July 31, 2015 was 7,350,540 shares.


Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definition of "accelerated filer," "large accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.


Large accelerated filer

      .

Accelerated filer

      .

Non-accelerated filer

      . (Do not check if a smaller reporting company)

Smaller reporting company

  X .


Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.) Yes  X . No      .




1



ARBOR ENTECH CORPORATION

INDEX


 

 

 

 

 

 

 

 

 

Page Number

PART I.

 

Financial Information

 

 

 

 

 

 

 

Item 1.

 

Financial Statements

 

 

 

 

 

 

 

 

 

Condensed Balance Sheets - July 31, 2015 (unaudited) and April 30, 2015

 

3

 

 

Condensed Statements of Operations - Three Months Ended July 31, 2015 and 2014 (unaudited)

 

4

 

 

Condensed Statements of Cash Flows - Three Months Ended July 31, 2015 and 2014 (unaudited)

 

5

 

 

Notes to Condensed Financial Statements

 

6

 

 

 

 

 

Item 2.

 

Management's Discussion and Analysis of Financial Condition and Results of Operations

 

7

 

 

 

 

 

Item 3.

 

Quantitative and Qualitative Disclosures About Market Risk

 

8

 

 

 

 

 

Item 4.

 

Controls and Procedures

 

8

 

 

 

 

 

PART II.

 

Other Information

 

 

 

 

 

 

 

Item 1.

 

Legal Proceedings

 

9

 

 

 

 

 

Item 1A.

 

Risk Factors

 

9

 

 

 

 

 

Item 2.

 

Unregistered Sales of Equity Securities and Use of proceeds

 

9

 

 

 

 

 

Item 3.

 

Defaults on Senior Securities

 

9

 

 

 

 

 

Item 4.

 

Mine Safety Disclosures

 

9

 

 

 

 

 

Item 5.

 

Other Information

 

9

 

 

 

 

 

Item 6.

 

Exhibits

 

9





2




ARBOR ENTECH CORPORATION


CONDENSED BALANCE SHEETS


 

 

 

 

 

 

 

July 31, 2015

 

April 30, 2015

ASSETS

 

(Unaudited)

 

 

Current Assets:

 

 

 

 

Cash and Cash Equivalents

$

264,471

$

264.422

Total Current Assets

 

264,471

 

264,422

 

 

 

 

 

Total Assets

$

264,471

$

264,422

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' EQUITY

 

 

 

 

 

 

 

 

 

Current Liabilities:

 

 

 

 

Accounts Payable and Accrued Liabilities

$

8,625

$

-

 

 

 

 

 

Total Current Liabilities

 

8,625

 

-

 

 

 

 

 

Commitments and Contingencies

 

 

 

 

 

 

 

 

 

Stockholders' Equity:

 

 

 

 

Preferred Stock, $.001 par value; 1,000,000 shares authorized; None issued and outstanding

 

-

 

-

Common Stock, $.001 Par Value; Authorized 100,000,000 Shares; Issued and Outstanding: 7,350,540 Shares

 

7,350

 

7,350

Additional Paid-In Capital

 

2,372,640

 

2,372,640

Retained Earnings (Deficit)

 

(2,124,144)

 

(2,115,568)

 

 

 

 

 

Total Stockholders' Equity

 

255,846

 

264,422

 

 

 

 

 

Total Liabilities and Stockholders' Equity

$

264,471

$

264,422


See accompanying notes to condensed financial statements.






3



ARBOR ENTECH CORPORATION


CONDENSED STATEMENTS OF OPERATIONS


 

 

 

 

 

 

 

(Unaudited)

 

 

Three Months Ended July 31,

 

 

2015

 

2014

 

 

 

 

 

Net Sales

$

-

$

-

 

 

 

 

 

Costs and Expenses:

 

 

 

 

Selling, General and Administrative Expenses

 

8,642

 

8,120

 

 

 

 

 

Loss from Operations

 

(8,642)

 

(8,120)

Other Income:

 

 

 

 

Interest

 

66

 

68

 

 

 

 

 

Net Loss

$

(8,576)

$

(8,052)

 

 

 

 

 

Loss Per Common Share – Basic

$

(0.00)

$

(0.00)

 

 

 

 

 

Weighted Average Shares Outstanding

 

7,350,540

 

7,350,540


See accompanying notes to condensed financial statements.






4



ARBOR ENTECH CORPORATION


CONDENSED STATEMENTS OF CASH FLOWS


 

 

 

 

 

 

 

(Unaudited)

 

 

Three Months Ended July 31,

 

 

2015

 

2014

Cash Flows from Operating Activities:

 

 

 

 

Net Loss

$

(8,576)

$

(8,052)

Adjustments to Reconcile Net Loss to

 

 

 

 

Net Cash Provided from Operating Activities:

 

 

 

 

 

 

 

 

 

Changes in Operating Assets and Liabilities:

 

 

 

 

Decrease in Due from Related Party

 

-

 

12,200

Increase in Accounts Payable and Accrued Liabilities

 

8,625

 

8,000

 

 

 

 

 

Net Cash Provided from Operating Activities

 

49

 

12,148

 

 

 

 

 

Increase in Cash and Cash Equivalents

 

49

 

12,148

 

 

 

 

 

Cash and Cash Equivalents - Beginning of Period

 

264,422

 

272,087

 

 

 

 

 

Cash and Cash Equivalents - End of Period

$

264,471

$

284,235

 

 

 

 

 

Supplemental Cash Flow Information:

 

 

 

 

Cash Paid for Interest

$

-

$

-

 

 

 

 

 

Cash Paid for Income Taxes

$

-

$

-


See accompanying notes to condensed financial statements.







5



ARBOR ENTECH CORPORATION


NOTES TO CONDENSED FINANCIAL STATEMENTS


(A)

The interim condensed financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission from the accounts of Arbor Entech Corporation (the "Company") without audit. The condensed balance sheet at April 30, 2015 was derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. The other information in these condensed financial statements is unaudited; however, in the opinion of management, the information presented reflects all adjustments of a normal recurring nature which are necessary to present fairly the Company's financial position and results of operations and cash flows for the period presented. It is recommended that these condensed financial statements be read in conjunction with the financial statements and the notes thereto included in the Company's fiscal year 2015 Annual Report on Form 10-K filed in July 2015 and other financial reports filed by the Company from time to time.


(B)

SIGNIFICANT ACCOUNTING POLICIES


Cash and Cash Equivalents


The Company considers all highly liquid short-term investments with a maturity of three months or less at time of purchase to be cash equivalents.


Use of Estimates


The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.














6



ARBOR ENTECH CORPORATION


Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS


This report may contain "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934 (including any statements regarding the Company's outlook for fiscal 2014 and beyond). Any forward looking statements are subject to a number of risks and uncertainties. These include, among other risks and uncertainties, without limitation, the lack of any current business operation, the possible failure to identify a suitable acquisition candidate, and specific risks which may be associated with any new business or acquisition that we may acquire.


In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "could," "would," "expects," "plans," "anticipates," "believes," "estimates," "projects," "predicts," "potential" and similar expressions intended to identify forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Also, these forward-looking statements represent our estimates and assumptions only as of the date of this report. Except as otherwise required by law, we expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained in this report to reflect any change in our expectations or any change in events, conditions or circumstances on which any of our forward-looking statements are based. We qualify all of our forward-looking statements by these cautionary statements.


Critical Accounting Policies and Significant Judgments and Estimates


The Securities and Exchange Commission ("SEC") issued disclosure guidance for "critical accounting policies." The SEC defines "critical accounting policies" as those that require the application of management's most difficult, subjective or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain and may change in subsequent periods.


Our significant accounting policies are described in the Notes to these financial statements. Currently, based on the Company's limited activity, we do not believe that there are any accounting policies that require the application of difficult, subjective or complex judgments.


Historical Background


Historically, we were a wood products company that had been in business since 1980. Our business fluctuated over the years. We were almost wholly dependent on sales to The Home Depot, Inc. As discussed below in "Discontinued Operations," on September 2, 2003, we discontinued our wood products business.


We previously disclosed that we were in discussions with respect to a potential acquisition of an early stage, privately-held pre-revenue web portal company. These discussions are no longer ongoing. Currently, we are seeking other business opportunities, but there can be no assurance that such opportunities will be identified, capitalized upon, or result in any profits.


Results of Operations


Since we discontinued our wood products business in 2003, we have had no sales revenue, including during the three months ended July 31, 2015 and 2014. Selling, general and administrative expenses (“operating expenses”) were $8,642 for the quarter ended July 31, 2015, as compared to $8,120 for the comparable prior period.


For the quarter ended July 31, 2015, we had a net loss of $8,576 compared to a net loss of $8,052 for the comparable prior period.


Liquidity and Capital Resources


At July 31, 2015, we had working capital of $255,846, compared to working capital of $264,422 at April 30, 2015. As of July 31, 2015, we had cash and cash equivalents of $264,471, an increase of $49 compared with our cash on hand at April 30, 2015. Operating activities provided $49 in cash for the three months ended July 31, 2015, as compared to cash provided of $12,148 during the comparable prior period.



7



Since terminating our wood products business in September 2003, due to limited cash resources and a limited and sporadic trading market for our Common Stock, among other reasons, we have been unable to find a suitable business opportunity or merger candidate. Nevertheless, we continue to seek business opportunities, including potential acquisition candidates.


During the remainder of fiscal 2016, we do not anticipate that we will incur any capital expenditures.


We anticipate that our operating activities will generate negative net cash flow during the balance of fiscal 2016. We believe that the cash on hand will be sufficient for meeting our liquidity and capital resource needs for the next year.


Off-Balance Sheet Transactions


We do not have any transactions, agreements or other contractual arrangements that constitute off-balance sheet arrangements.


Item 3. Quantitative and Qualitative Disclosures about Market Risk


This Item is not applicable because we are a "smaller reporting company," as defined by applicable SEC regulation.


Item 4. Controls and Procedures


Management's Report on Disclosure Controls and Procedures. We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our Securities Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to our management, including our President/Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating the disclosure controls and procedures, we recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, as ours are designed to do, and we necessarily were required to apply our judgment in evaluating the cost-benefit relationship of possible changes or additions to our controls and procedures.


As of July 31, 2015, we carried out an evaluation, under the supervision and with the participation of our management, including our President/Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934. Based upon that evaluation, our President/Chief Financial Officer concluded that our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, provide a reasonable level of assurance that they are effective in enabling us to record, process, summarize and report information required to be included in our periodic SEC filings within the required time period.


Changes in Internal control Over Financial Reporting. There have been no changes in our internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.




8



PART II. OTHER INFORMATION


Item1. Legal Proceedings


None


Item 1A. Risk Factors


This Item is not applicable because we are a "smaller reporting company," as defined by applicable SEC regulation.


Item 2. Unregistered Sales of Equity Securities and Use of proceeds


None


Item 3. Defaults on Senior Securities


None


Item 4. Mine Safety Disclosures


None


Item 5. Other Information


Not Applicable


Item 6. Exhibits


3(a)

Articles of Incorporation, previously filed as an exhibit to the Company's Registration Statement on Form 10-SB (SEC File No. 0-30432) filed on or about July 30, 1999, and incorporated herein by this reference.

3(b)

By-laws of the Company, previously filed as an exhibit to Amendment No. 1 to the Company's Registration Statement on Form 10-SB (SEC File No. 01-15207) filed on or about August 2, 1999, and incorporated herein by this reference.

4.

Form of common stock certificate, filed as the same exhibit number to our Form 10Q filed on March 17, 2009, and incorporated herein by this reference.

31.

Certification of the Principal Executive and Principal Financial Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934, as amended.*

32.

Certification of the Principal Executive and Principal Financial Officer pursuant to U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*

101.INS

XBRL Instance Document *

101.SCH

Document, XBRL Taxonomy Extension *

101.CAL

Calculation Linkbase, XBRL Taxonomy Extension Definition *

101.DEF

Linkbase,XBRL Taxonomy Extension Labels *

101.LAB

Linkbase, XBRL Taxonomy Extension *

101.PRE

Presentation Linkbase *


____________________

*

Filed herewith.






9



SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.



ARBOR ENTECH CORPORATION



Date: October 2, 2015


/s/ Brad Houtkin

Brad Houtkin

President and Chief Financial Officer






10


 EX-31.1 2 f10q073115_ex31z1.htm EXHIBIT 31.1 SECTION 302 CERTIFICATION Exhibit 31.1 Section 302 Certification


Exhibit 31.1


CERTIFICATION PURSUANT TO

RULES 13a-14(a) AND 15d-14(a) UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED


 

 

 

I, Brad Houtkin certify that:

 

 

1. 

I have reviewed this quarterly report on Form 10-Q of Arbor Entech Corporation;

 

 

2  

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

 

3. 

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

 

4. 

The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

 

 

a) 

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

 

 

b) 

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

 

 

c) 

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

 

 

d) 

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

 

5.

The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors:

 

 

 

a) 

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

 

 

b) 

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.



Date: October 2, 2015


/s/ Brad Houtkin

Brad Houtkin

Principal Executive Officer and Principal Financial Officer




 EX-32.1 3 f10q073115_ex32z1.htm EXHIBIT 32.1 SECTION 906 CERTIFICATION Exhibit 32.1 Section 906 Certification


Exhibit 32.1


CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350


In connection with the Quarterly Report of Arbor Entech Corporation (the “registrant”) on Form 10-Q for the quarter ended July 31, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “report”), I, Brad Houtkin, Principal Executive Officer and Principal Financial Officer of the registrant, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:


(1)

The report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and


(2)

The information contained in the report fairly presents, in all material respects, the financial condition and results of operations of the registrant.



October 2, 2015


/s/  Brad Houtkin

Brad Houtkin

Principal Executive Officer and Principal Financial Officer





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The condensed balance sheet at April 30, 2015 was derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. The other information in these condensed financial statements is unaudited; however, in the opinion of management, the information presented reflects all adjustments of a normal recurring nature which are necessary to present fairly the Company's financial position and results of operations and cash flows for the period presented. It is recommended that these condensed financial statements be read in conjunction with the financial statements and the notes thereto included in the Company's fiscal year 2015 Annual Report on Form 10-K filed in July 2015 and other financial reports filed by the Company from time to time.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'>(B)</p> <p style='margin:0cm 0cm 0pt;text-indent:-1.5pt'>SIGNIFICANT ACCOUNTING POLICIES</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u>Cash and Cash Equivalents</u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>The Company considers all highly liquid short-term investments with a maturity of three months or less at time of purchase to be cash equivalents.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'><u>Use of Estimates</u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'><u>Cash and Cash Equivalents</u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>The Company considers all highly liquid short-term investments with a maturity of three months or less at time of purchase to be cash equivalents.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <!--egx--><p style='margin:0cm 0cm 0pt'><u>Use of Estimates</u></p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> <p style='margin:0cm 0cm 0pt'>The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style='margin:0cm 0cm 0pt'>&nbsp;</p> 10-Q 2015-07-31 false ARBOR ENTECH CORP 0000710782 arbe --04-30 7350540 Smaller Reporting Company Yes No No 2016 Q1 0000710782 2015-05-01 2015-07-31 0000710782 2015-07-31 0000710782 2015-04-30 0000710782 2014-05-01 2014-07-31 0000710782 2014-04-30 0000710782 2014-07-31 iso4217:USD shares iso4217:USD shares EX-101.LAB 7 arbe-20150731_lab.xml XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT Cash Paid for Interest Selling, General and Administrative Expenses Entity Filer Category SIGNIFICANT ACCOUNTING POLICIES Preferred Stock, shares authorized Preferred Stock, par value Accounts Payable and Accrued Liabilities {1} Accounts Payable and Accrued Liabilities Current Assets: Document Fiscal Year Focus Entity Common Stock, Shares Outstanding CASH FLOWS OPERATING ACTIVITIES: Net Loss Common Stock, par value Total Stockholders' Equity Total Stockholders' Equity ASSETS Entity Well-known Seasoned Issuer Use of Estimates Interest Revenue: SIGNIFICANT ACCOUNTING POLICIES {1} SIGNIFICANT ACCOUNTING POLICIES Cash Flows from Operating Activities: Common Stock, shares issued Trading Symbol Weighted Average Shares Outstanding Commitments and Contingencies Accounting Policies: Costs and Expenses: Common Stock, shares authorized Parentheticals Total Liabilities and Stockholders' Equity Total Liabilities and Stockholders' Equity Document Fiscal Period Focus Preferred Stock, $.001 par value; 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ACCOUNTING POLICIES (Policies)
 3 Months Ended
Jul. 31, 2015
Accounting Policies:  
Cash and Cash Equivalents, Policy

Cash and Cash Equivalents

 

The Company considers all highly liquid short-term investments with a maturity of three months or less at time of purchase to be cash equivalents.

 
Use of Estimates

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

XML 14 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED BALANCE SHEETS - USD ($)
Jul. 31, 2015
Apr. 30, 2015
Current Assets:    
Cash and Cash Equivalents $ 264,471 $ 264,422
Total Current Assets 264,471 264,422
Total Assets 264,471 264,422
Current Liabilities:    
Accounts Payable and Accrued Liabilities 8,625 0
Total Current Liabilities $ 8,625 $ 0
Commitments and Contingencies
Stockholders' Equity:    
Preferred Stock, $.001 par value; 1,000,000 shares authorized; None issued and outstanding $ 0 $ 0
Common Stock, $.001 Par Value; Authorized 100,000,000 Shares; Issued and Outstanding: 7,350,540 Shares 7,350 7,350
Additional Paid-In Capital 2,372,640 2,372,640
Retained Earnings (Deficit) (2,124,144) (2,115,568)
Total Stockholders' Equity 255,846 264,422
Total Liabilities and Stockholders' Equity $ 264,471 $ 264,422
XML 15 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
NATURE OF BUSINESS
 3 Months Ended
Jul. 31, 2015
NATURE OF BUSINESS  
NATURE OF BUSINESS

(A)

The interim condensed financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission from the accounts of Arbor Entech Corporation (the "Company") without audit. The condensed balance sheet at April 30, 2015 was derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. The other information in these condensed financial statements is unaudited; however, in the opinion of management, the information presented reflects all adjustments of a normal recurring nature which are necessary to present fairly the Company's financial position and results of operations and cash flows for the period presented. It is recommended that these condensed financial statements be read in conjunction with the financial statements and the notes thereto included in the Company's fiscal year 2015 Annual Report on Form 10-K filed in July 2015 and other financial reports filed by the Company from time to time.

 
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SIGNIFICANT ACCOUNTING POLICIES
 3 Months Ended
Jul. 31, 2015
SIGNIFICANT ACCOUNTING POLICIES  
SIGNIFICANT ACCOUNTING POLICIES

(B)

SIGNIFICANT ACCOUNTING POLICIES

 

Cash and Cash Equivalents

 

The Company considers all highly liquid short-term investments with a maturity of three months or less at time of purchase to be cash equivalents.

 

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 
XML 18 R3.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED BALANCE SHEETS PARENTHETICALS - $ / shares
Jul. 31, 2015
Apr. 30, 2015
Parentheticals    
Preferred Stock, par value $ 0.001 $ 0.001
Preferred Stock, shares authorized 1,000,000 1,000,000
Preferred Stock, shares issued 0 0
Preferred Stock, shares outstanding 0 0
Common Stock, par value $ 0.001 $ 0.001
Common Stock, shares authorized 100,000,000 100,000,000
Common Stock, shares issued 7,350,540 7,350,540
Common Stock, shares outstanding 7,350,540 7,350,540
XML 19 R1.htm IDEA: XBRL DOCUMENT v3.3.0.814
Document and Entity Information
 3 Months Ended
Jul. 31, 2015
shares
Document and Entity Information:  
Entity Registrant Name ARBOR ENTECH CORP
Document Type 10-Q
Document Period End Date Jul. 31, 2015
Trading Symbol arbe
Amendment Flag false
Entity Central Index Key 0000710782
Current Fiscal Year End Date --04-30
Entity Common Stock, Shares Outstanding 7,350,540
Entity Filer Category Smaller Reporting Company
Entity Current Reporting Status Yes
Entity Voluntary Filers No
Entity Well-known Seasoned Issuer No
Document Fiscal Year Focus 2016
Document Fiscal Period Focus Q1
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CONDENSED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended
Jul. 31, 2015
Jul. 31, 2014
Revenue:    
Net Sales $ 0 $ 0
Costs and Expenses:    
Selling, General and Administrative Expenses 8,642 8,120
Loss from Operations (8,642) (8,120)
Other Income:    
Interest 66 68
Net Loss $ (8,576) $ (8,052)
Loss Per Common Share - Basic $ 0.00 $ 0.00
Weighted Average Shares Outstanding 7,350,540 7,350,540
XML 21 R5.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Jul. 31, 2015
Jul. 31, 2014
Cash Flows from Operating Activities:    
Net Loss $ (8,576) $ (8,052)
Changes in Operating Assets and Liabilities:    
Decrease in Due from Related Party 0 12,200
Increase in Accounts Payable and Accrued Liabilities 8,625 8,000
Net Cash Provided from Operating Activities 49 12,148
Increase in Cash and Cash Equivalents 49 12,148
Cash and Cash Equivalents - Beginning of Period 264,422 272,087
Cash and Cash Equivalents - End of Period 264,471 284,235
Supplemental Cash Flow Information:    
Cash Paid for Interest 0 0
Cash Paid for Income Taxes $ 0 $ 0
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